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Gujarat Apollo Industries > Company History > Engineering - Heavy > Company History of Gujarat Apollo Industries - BSE: 522217, NSE: GUJAPOLLO
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Gujarat Apollo Industries

BSE: 522217|NSE: GUJAPOLLO|ISIN: INE826C01016|SECTOR: Engineering - Heavy
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Company History - Gujarat Apollo Industries
The company was incorporated on 7th October, 1986 in the State of
 Gujarat as a public limited company.  The certificate of commencement
 of business was obtained from the Registrar of Companies, Gujarat, on
 11th November, 1986.
 
 GAEL was promoted by M/s Apollo Earthmovers Pvt. Ltd., belonging to
 the Apollo Group of Gujarat, in association with Gujarat Investment
 Corporation Ltd. (GIIC), a state level financial institution.
 
 The company started its commercial production in 1987.
 
 During July 1992, GIIC disinvested its entire holding of 11% to M/s
 Apollo Earth Movers Pvt. Ltd., at a negotiated price of Rs.18.69 per
 share.
 
 The company was jointly promoted in 1986 by M/s Apollo Earthmovers
 Private Limited, belonging to the Apollo Group of Gujarat Industrial
 Investment Corporation Limited.
 
 2005
 
 -Gujarat Apollo Industries has given the Bonus in the Ratio of 1:1
 
 2007
 
 - Gujarat Apollo Equipments Ltd has informed that the Board of
 Directors of the Company at its meeting held on January 30, 2007,
 inter alia, has proposed to issue Bonus Shares in the proportion of
 one (1) Equity share for every two (2) Equity Shares held on a record
 date to be fixed at a later date. The existing paid up share capital
 of the Company is Rs 700 Lacs.
 
 -Members of are hereby informed that trading symbol of Gujarat Apollo
 Industries Limited shall be changed from GUJAPOLIND to GUJAPOLLO
 w.e.f. July 6, 2007.
 
 - Company name has been changed from Gujarat Apollo Equipments Ltd to
 Gujarat Apollo Industries Ltd.
 
 -The Company has issued Bonus Shares in the Ratio of 1:2.
 
 
 2008
 
 -The Company has issued Bonus Shares in the Ratio of 1:2.
 
 -The Company has recommended dividend of Rs 3/- per equity share
 (previous year Rs 2/-).
 
 -Gujarat Apollo Industries Ltd (GAIL) has  invested INR 74 millions
 in Apollo Earthmovers Ltd (AEML) to make it a subsidiary Company.
 
 2009
 
 -The Company announces incorporation a wholly owned subsidiary,
 Apollo Maschinenbau GmbH in the Federal Republic Germany, near to the
 port of Hamburg. 
 
 -The Company has recommended the dividend of Rs 2/- per equity
 share.
 
 2010
 
 -Apollo made an entry in to Egypt, Tunisia, Trinidad & Tobago,
 Angola, Malawi and Botswana. An addition to already long list of
 country of exports.
 
 -The Company recommended the dividend of Rs. 2.50/- per Equity
 Share.
 
 2011
 
 -Apollo makes a break through entry in Seychelles & Zimbabwe. 
 
 -The Board of Directors has appointed Ms. Neha Chikani Shah, who was
 Deputy Company Secretary, as the Company Secretary and Compliance
 Officer.
 
 -The Company has recommended the dividend of Rs. 2.5/- per Share
 along with Rs. 2.5/- per Share as one time special dividend, totaling
 to Rs. 5/- per equity Share.
 
 2012
 
 -The Board of Directors of the Company have recommended the dividend
 of Rs. 2.5/- per Share.
 
 -The board of Directors have proposed to re-appoint Mr. Anand A.
 Patel, Whole-Time Director of the Company.
 
 2013
 - Gujarat Apollo Industries Limited launches strategic joint venture
 with Switzerland based Ammann Group.
 
 2014
 -Gujarat Apollo Industries Ltd have recommended the dividend of Rs.
 2.50/- per equity Share.
 
 
Source : Dion Global Solutions Limited
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